Weekly Update - Layer 1 & Layer 2 News (Week 51, 21/12/2021 - 27/12/2021)
BTC miner revenues grow 2x in 2021 to $15B. Cronos (CRO) climbs further: +25.81% in TVL gains, +15.05% in transactions, +12.43% in wallet addresses.
Bitcoin (BTC) miners made more than $15 billion in revenues throughout 2021, according to The Block Research. The estimate represents a year-over-year increase of 206%. (ref)
Fantom (FTM) witnessed a rapid upsurge in total value locked (TVL) in all active dApp protocols. With its $5.6 billion in TVL, Fantom surpassed veteran smart contracts platform Tron (TRX). Price increases for tokens such as FTM, BOO, and TOMB also contributed to the upswing. (ref)
Crypto.com buys ad space for the Super Bowl 2022. The Super Bowl – the most important event in American football – will be held in February 2022. For reference, the 2021 Super Bowl had 96.4 million viewers. (ref)
Tectonic (TONIC), one of the first lending protocols on Cronos, has launched on 23 December, reaching a TVL of $193.88M and a total borrow amount of $328.80M as of 28 December 2021. Users can now supply and borrow assets on Tectonic to earn TONIC rewards. (ref)
Cronos (CRO) saw a +15.05% increase in total transactions to 8.56M and an increase of TVL to $1.93B ( +25.81% week-on-week). The total number of wallet addresses now stands at 274,007, up +9.91% from last week.
‡ Accurate as of end of November report
Sources: Coingecko, Etherscan,Ethernodes, Terra Station, Terra Etherscan, Avascan, Solana Beach, FTMscan, BSCscan,Cronos Explorer, DeFi Llama
Sources: DeFi Llama, Polyscan, Clark Moody Bitcoin, 1ML, Ronin Explorer, Coingecko, Optimistic Etherscan, Arbiscan, Boba Explorer
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